As a small business owner, it’s up to you to ensure the protection of everything you and your staff have worked so hard for. You probably already know that business insurance is a good idea, but piecemeal coverages—which can be time-consuming and pricey—can be hard to keep up with. That’s where a business owner’s policy, or BOP, comes in handy!
BOPs combine all of the coverages you select into one simple policy so you don’t waste time or money managing an assortment of policies. You never know when a storm could tear through your workplace or when a customer may get hurt and sue your business. That’s why a BOP is a valuable asset, one that can save your business money in the long run.
Property Coverage
What would happen if a fire burnt down your storefront or if a thief stole a chunk of your high-end inventory? It could be difficult to recoup after such a loss. The property coverage found in a BOP protects your business from damages to property, including buildings, furniture, computers, inventory, raw materials and more.
Liability Coverage
Would your business be able to stay solvent if a customer sued to recoup medical expenses and lost wages after being injured at your workplace? The liability coverage found in a BOP protects your business from third party claims—whether grounded or frivolous—of injury or property damage, which could entail both medical and legal expenses.
Custom Coverage
All business are structured differently, and therefore have different needs. While an IT company may want cyber liability coverage, that same coverage may not be necessary for a bakery. This is why BOPs are customizable. You can choose the additional coverage you wish to add to your policy so your business can have the protection it needs.
Interested in learning more? Call Overbay Insurance Services at 828-452-4699 for more information on Waynesville business insurance.